Fiscal Cliff watch - 21 News Now, More Local News for Youngstown, Ohio -

Fiscal Cliff watch

Updated:

WASHINGTON, DC - We're on fiscal cliff-watch this morning - waiting, like every taxpayer in this country, to see if Washington can prevent a big tax hike on January first.

Negotiations are on, and the House is back today. That means lots more Republicans, with lots of different ideas, may want their say in talks that so far have been behind closed doors.

Speaker Boehner met privately with the President and his staff, has been in talks with the White House. But when his party members come back to work here today, he may have a problem." All these members are going to come back into town and they're gonna want to play a role in these negotiations," says CNBC's Eamon Javers. 

The house is back today. That means conservative Republicans who insist the wealthy keep this year's tax breaks could put the squeeze on their own party.

That's the one thing President Cbama refuses to bend on. Otherwise, he says he's flexible. "I understand people have a lot of different views.  I'm willing to compromise a little bit," said The President.

So are some Republicans, pushing to save tax breaks for the middle class now, and deal with the wealthy later. "Let's recognize reality, take care of as many people as we possibly can," said Rep. Tom Cole, (R) Oklahoma. 

Polls show more taxpayers will blame Republicans if taxes go up. That's increasing the odds of a year-end deal. "It is a better than 50/50 chance. And there's a very good chance that we'd be able to avoid a lot of the fiscal cliff," said Rep. Chris Van Hollen, (D) Maryland. 

Behind the scenes, negotiations continue today. Republicans say they're waiting for the President to outline more spending cuts.

The three big issues are tax rates, entitlement reform. Medicare, social security, and whether to raise the debt ceiling.

We're about to hit it again, and America may need to borrow more.

Democrats here think they have the upper hand, and they're keeping in touch with the President. Senate Majority Leader Harry Reid spoke with him by phone one Monday on Air Force One.

  • More NewsMore>>

  • State Dems to Polivka: Petition for change or resign

    State Dems to Polivka: Petition for change or resign

    Tuesday, July 29 2014 5:06 PM EDT2014-07-29 21:06:36 GMT
    Trumbull County Democratic Party Chairman Dan Polivka's staunch position on allowing his party to live by it's own rules, has been met by an equally staunch position from state and national democrats.A message from Ohio Democratic Party Secretary Bill Demora was released Tuesday afternoon saying, "The chairman of the Trumbull County Democratic Party has two options: either he petitions the DNC to change its rules, or he can resign if he cannot enforce them."The message is in response to a new...More >>
    Trumbull County Democratic Party Chairman Dan Polivka's staunch position on allowing his party to live by it's own rules, has been met by an equally staunch position from state and national democrats.A message from Ohio Democratic Party Secretary Bill Demora was released Tuesday afternoon saying, "The chairman of the Trumbull County Democratic Party has two options: either he petitions the DNC to change its rules, or he can resign if he cannot enforce them."The message is in response to a new...More >>
  • Death row inmate Danny Lee Hill files appeal

    Death row inmate Danny Lee Hill files appeal

    Tuesday, July 29 2014 4:57 PM EDT2014-07-29 20:57:54 GMT
    A federal judge denied a bid from Danny Lee Hill, earlier this month, but Hill was allowed to continue the appeals process.More >>
    A federal judge denied a bid from Danny Lee Hill, earlier this month, but Hill was allowed to continue the appeals process.More >>
  • Boardman business sues to stop "junk" faxes

    Boardman business sues to stop "junk" faxes

    Tuesday, July 29 2014 4:25 PM EDT2014-07-29 20:25:21 GMT
    Many of us have received junk mail, spam email, or unsolicited telemarketing phone calls. But a Boardman chiropractor who received an unsolicited faxhas not only filed a federal lawsuit as a result, but wants others to join the legal action.Attorneys representing Carradine Chiropractic Center filed a civil lawsuit in U.S. District Court in Youngstown, claiming that on March 5, 2012, the office fax machine printed out an advertisement from Vacation Express USA Corporation of Toronto, Ontario.T...More >>
    Many of us have received junk mail, spam email, or unsolicited telemarketing phone calls. But a Boardman chiropractor who received an unsolicited faxhas not only filed a federal lawsuit as a result, but wants others to join the legal action.Attorneys representing Carradine Chiropractic Center filed a civil lawsuit in U.S. District Court in Youngstown, claiming that on March 5, 2012, the office fax machine printed out an advertisement from Vacation Express USA Corporation of Toronto, Ontario.T...More >>
  • More From wfmj.comMore>>

  • 1 of 2 Ohio plane crash victims not yet identified

    1 of 2 Ohio plane crash victims not yet identified

    Monday, July 28 2014 9:48 PM EDT2014-07-29 01:48:43 GMT
    FINDLAY, Ohio (AP) - Authorities in northwest Ohio are still trying to identify one of two people killed in a weekend plane crash. One of the victims in the crash near Findlay was the CEO of an Ohio manufacturing company. A coroner was trying to identify the remains of a woman killed in the crash, but the Hancock County Sheriff's Office says DNA testing may be needed. Deputies say Ralf Bronnenmeier, CEO of Grob Systems in Bluffton, was piloting the single-engine plane that crashed early Sund...More >>
    FINDLAY, Ohio (AP) - Authorities in northwest Ohio are still trying to identify one of two people killed in a weekend plane crash. One of the victims in the crash near Findlay was the CEO of an Ohio manufacturing company. A coroner was trying to identify the remains of a woman killed in the crash, but the Hancock County Sheriff's Office says DNA testing may be needed. Deputies say Ralf Bronnenmeier, CEO of Grob Systems in Bluffton, was piloting the single-engine plane that crashed early Sund...More >>
  • TSA finds gun, ammo in Pittsburgh airport carry-on

    TSA finds gun, ammo in Pittsburgh airport carry-on

    Monday, July 28 2014 9:35 PM EDT2014-07-29 01:35:49 GMT
    IMPERIAL, Pa. (AP) - The Transportation Security Administration says it found a pistol and ammunition in man's carry-on bag as he passed through security at Pittsburgh International Airport. TSA official tell the Pittsburgh Tribune-Review that the man wasn't allowed take the gun past security, and faces up to a $11,000 civil penalty for bringing the weapon to the checkpoint. But Allegheny County police say they don't plan to charge the man with a crime because he had a license to carry the ....More >>
    IMPERIAL, Pa. (AP) - The Transportation Security Administration says it found a pistol and ammunition in man's carry-on bag as he passed through security at Pittsburgh International Airport. TSA official tell the Pittsburgh Tribune-Review that the man wasn't allowed take the gun past security, and faces up to a $11,000 civil penalty for bringing the weapon to the checkpoint. But Allegheny County police say they don't plan to charge the man with a crime because he had a license to carry the ....More >>
  • 5 Pa. reps ask NCAA to halt Penn State sanctions

    5 Pa. reps ask NCAA to halt Penn State sanctions

    Monday, July 28 2014 9:29 PM EDT2014-07-29 01:29:22 GMT
    Five Pennsylvania congressmen are asking college sports' governing body to cancel penalties against Penn State imposed as a result of the Jerry Sandusky child molestation scandal.More >>
    Five Pennsylvania congressmen are asking college sports' governing body to cancel penalties against Penn State imposed as a result of the Jerry Sandusky child molestation scandal.
    More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 Worldnow and WFMJ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms